|
Central NE | Deflation, inflation, stagflation... none seem to fit just right. It seems a new term needs to be coined to describe the colapse of credit and equity, plunging real estate prices, dilution of the dollar to make it seem like inflation, zero % fed rate, massive govt. borrowing in the peoples good name ..... One idea would be Obamanation. - not that he started this mess, he's just making it so much worse.
I think the reason there is a sense of impending doom is because people who know how to balance their checkbook and monthly budget can see that the Govt. cannot and are now using THE COLLECTIVE CREDIT OF PERSONAL CITIZENS to DELAY an unsustainable spree of spending that merely replaces the spending of broke citizens with those who aren't broke yet until the collective credit of the people is maxxed out.
If the government decides to live within its means, we will see the rest of the depression unfold. If it doesn't, depression won't even describe it. | |
|
Thoughts
